CMGT411- Week 4 IA- Risk Management & Supporting Activities

Risk Management Prepare a 3- to 4-page paper that defines and describes the philosophy, methodology, and overall purpose of analyzing risk and developing a risk management and a procurement management plan. This individual paper must not be written as an actual risk analysis, risk management plan, or procurement management plan. It must explain the logic and process behind analyzing risk and developing risk management and procurement management plans, all of which you construct as part of your Final Learning Team Project. Click the Assignment Files tab to submit your assignment. Supporting Activity: Price Risk Factoring Write a 200- to 300-word short-answer response to the following:According to Benaroch and Appari (2010), what benefits can be derived from financial price risk factoring? How can this concept be applied to application development projects? Supporting Activity: Community Source Write a 200- to 300-word short-answer response to the following:According to Liu, Wu, Zhao, and Zhu (2010), what is Community Source, and how is it applied in business practice? Identify at least one advantage and one potential risk of adopting this approach.

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